London-based Tristan Capital Partners has revealed it aggregated €5 bn of deals last year.
The pan-European firm managed €2.9 bn in 2020 and €2.6 bn in 2019, counting both acquisitions and disposals. Compared to 2019, the 2021 tally marks a 92% increase.
Tristan said the figures included around €500 mln of real estate debt, originated through Tristan’s TIPS One Fund which was launched in 2021, extending the firm’s funds series to cover core-plus, value-add, opportunistic and real estate finance.
The company timed its deal volume announcement to coincide with Mipim.
Cameron Spry, co-CIO who is at the trade show, said: ‘This is a significant achievement in light of the environment in which we’ve been operating. During 2021 we focused on investment activity in the largest most liquid markets and further diversified the product across our fund series.’
Deal highlights from 2021 include:
- The acquisition of the Project Mont portfolio – the largest transaction in Tristan’s history, comprising of 69 properties and a publicly listed entity, for €1 bn
- EPISO 5 Fund completing a first acquisition of a hotel investment strategy with a 261-key, four-star hotel located in Deansgate, Manchester, UK
- A 1,500 student housing beds portfolio in the UK in a JV partnership with Bricks Group
Tristan currently manages €14 bn of assets and employs 155 people.
